Great guest - an agency trader who is ill equipped to be talking about the world of program trading. The fact is: computers and electronic trading continue to infiltrate the traditional business - the guest is a dinosaur. Same type of arguments were made when trading floors were closed - liquidity will disappear, bad for mkt etc. I love how the interview jumps from a discussion on electronic trading... to market manipulation - when you don't understand something, make up a fantastic reason :)
Note the forex market - always the threat of govt intervention, yet forex traders complain far less about it and just join the trend whenever they can.
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About ESECFutures.com
The goal of this blog is to provide frequent futures technical analysis utilizing basic formations, trendlines, Fibonacci retracements/extensions and Heiken-Ashi trend indicator over multiple time frames for ES and EC/6E emini futures. I will also often provide play by play for futures trading action during the day and sometimes overnight providing you with technically significant levels in es and 6e futures.